LEAN Management – understanding its essence

LEAN Management – understanding its essence

LEAN Management is a bit like yoga; the true practitioner doesn’t claim he practices it – he just lives it . LEAN is modelled on the Toyota Production System (TPS), but Toyota doesn’t talk of it, it just pervades all they do! LEAN  has  myriad variants- LEAN Six Sigma, quick LEAN, Agile, etc.  But the essential principle is the same, focus on value creation and eliminate all activities that don’t add value. The guiding principle of LEAN, therefore,  is the concept of Value.   What the customer is willing to pay for is called…Read more »